ps1 - Economics 350K: Fall 2007 Problem Set 1 DUE:...

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Economics 350K: Fall 2007 Helen Schneider Problem Set 1 DUE: WEDNESDAY, SEPTEMBER 19 NAME: _________________________________ I. The Production of Health 1. Use production theory to graphically illustrate the case in which a medical innovation improves health without any change in the consumption of medical care. 2. People living in Boston are hospitalized about 1.5 times as often as those living in New Haven, yet their health outcomes, based on age-specific mortality rates, appear to be identical. Does this mean that hospital care has no ability to improve health? 3. Exercise 5, Chapter 5, p. 110 4. Aid to Families with Dependent Children (AFDC) was introduced in 1935 as a way to protect children against poverty. For the most part, the program involves cash transfers to single mothers. Table below shows ordinary least squares (OLS) results of regressing child’s birth weight on the AFDC participation and other inputs into the health production function 1 . Contribution of Selected Factors to Birth Weight
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ps1 - Economics 350K: Fall 2007 Problem Set 1 DUE:...

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